Cement News tagged under: France
Vissai Ninh Binh Group exports 1.5Mt of clinker to France11 August 2014, Published under Cement NewsCiment de Bourbon has drawn up a contract with cement producer Vissai Ninh Binh Group, a private Vietnamese group, to receive 1.5Mt of clinker to facilitate the construction of to an expressway project on Réunion. The clinker will be shipped at a price of US$42/t under the contract that will be effective for five years, said Nguyen Tien Dat, Vissai Ninh Binh's deputy director. The Vietnamese group has carefully considered the prices to avoid the negative impact driven by the fluctuations ... |
Vicat advances in spite of weakness in France05 August 2014, Published under Cement NewsVicat's first half turnover increased by 6.1 per cent to EUR1217.8m, which amounts to a 10.8 per cent advance on a comparative basis. EBITDA was ahead by 3.1 per cent to EUR207.7m and the margin narrowed from 17.5 per cent to 17.1 per cent. The trading profit, however, improved by 9.4 per cent to EUR115.2m, an underlying increase of 15.8 per cent. After a net financial charge 38.2 per cent higher at EUR29.7m and a 20 per cent decline in the income from associates to EUR1.7m, the pre-tax p... |
Lafarge reiterates 2014 demand growth rate25 July 2014, Published under Cement NewsLafarge has confirmed its 2014 sales volumes target for the year with an improving US outlook and signs of recovery in Europe, although emerging markets continue to be the main driver of growth. First half turnover came off by 3.8 per cent to EUR6000m and the EBITDA was one per cent lower at EUR1155m, while the trading profit eased by just 0.3 per cent to EUR609m. The net attributable profit did improve by three per cent to EUR205m. Net debt at the end of June was 15 per cent lower at... |
Lafarge acquires Kercim grinding plant, France18 July 2014, Published under Cement NewsLafarge has acquired Ciments Kercim's grinding plant, located in the bulk terminal port of Nantes-Saint-Nazaire, western France. The 0.6Mta Kercim facility, launched in spring 2013, had been led by Jean-Marc Domange, ex-president of the Syndicat Français de l'Industrie Cimentière (SFIC) and former head of Ciments Calcia, who died months later in October 2013 following a long illness. Lafarge is reported to have acquired the plant from the 12 existing shareholders, heirs of Mr Domange a... |
Ciments Calcia opens new distribution centre in Paris14 July 2014, Published under Cement NewsCiments Calcia opened a new distribution centre in the 13th arrondissement of Paris, France, on 4 July 2014, designed by Vib Architecture. The centre consists of two 20m dia silos that rise to a height of 37m. A third cylinder, which has a cut-out design includes a lift and a wrap-round metal staircase. The facility, which was cast in slipform, took three weeks to build. |
Ireland: two former divisions of Quinn to be acquired09 July 2014, Published under Cement NewsA consortium, including some executives from Sean Quinn's old business empire, expects to buy two divisions of the old business over the next two months. The Quinn Business Retention Company (QBRC), headed by the former tycoon's number two Liam McCaffrey, has teamed up with a UK private equity house Endless LLP for the arrangement. Aventas Manufacturing Group, which took over much of the Quinn businesses along the border after it was put in receivership, said talks on the buyout are ongoing... |
Holcim and Lafarge announce proposed asset disposals07 July 2014, Published under Cement NewsTwo months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a... |
LH Merger update: plants for sale07 July 2014, Published under Cement NewsFinally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the... |
Italcementi reaches threshold for squeeze-out of Ciments Français04 July 2014, Published under Cement NewsItalcementi said on Thursday it had bought more than 95 percent of share capital of Ciments Français, reaching the threshold for the squeeze-out of minorities at its French unit. Italcementi’s buyout bid for Ciments Français, which commenced on 13 June, is worth EUR79.50 (USS108.60) a share, ex dividend. The buy-out of minorities in Ciments Fran ç ais is part of the Italian cement major's plan to streamline its group structure and will lead to the delisting of the French unit from the P... |
Italcementi sets Ciments Francais bid price20 May 2014, Published under Cement NewsItalcementi said on Tuesday it had fixed the price in a takeover bid for the shares in its French unit Ciments Francais that it does not yet own at EUR79.5/share. The takeover, part of the company's restructuring of its European business, will be financed via a rights issue for up to EUR500m. |